Business continuity managers won't be shocked to see that over the past five years, fire and explosion and natural catastrophes have been the top two major causes of loss by value of insurance claims, but the third highest cause - faulty workmanship or maintenance - may be more of a surprise.
A new report issued today by the American Institute of CPAs (AICPA) and North Carolina State University’s Enterprise Risk Management (ERM) Initiative states that 65 percent of senior finance leaders agree that the volume and complexity of corporate risks have changed ‘mostly’ or ‘extensively’ over the last five years.
Swiss Re has released its 10th annual SONAR horizon scanning report. It highlights that new risks are arising while the global community deals with known challenges such as the pandemic, war in Ukraine, economic turbulence and failing trust in established social institutions.
The Institute of Internal Auditors (IIA) has partnered with the World Business Council for Sustainable Development (WBCSD) to issue new guidance on embedding ESG and sustainability considerations in the Three Lines Model.
Future energy resources are one of many considerations on the agenda of enterprise risk managers as they seek to set and reach ESG goals. Sustainable energy will be key to this, but also comes with its own set of risks, as Dr. Lou Gritzo explains.
Airmic has published the results of its annual survey in the report ‘Risk and resilience in a perfect storm: Facing the future together’. This explores three themes – cyber, ESG and people – to see how risk professionals and their organizations are responding to them.
Only 27 percent of supply chain leaders have conducted a climate change risk assessment to identify their most critical supply chain risks, according to a survey by Gartner, Inc. The survey among 320 supply chain leaders in December 2021 and January 2022 found that just 18 percent of respondents conduct both risk assessments and scenario planning.
SAP systems are widely used for enterprise resource planning and are subject to regular auditing as a result. Failing an audit can lead to system shutdowns, expensive remediation, and non-compliance with standards. Here, Tim Wallen explores how organizations can improve the SAP audit process and their compliance efforts.
FERMA has released the results of its 2022 European Risk Manager Survey conducted in partnership with PWC France. The Survey has taken place every other year since 2001/2002 and this is the first one to be completed since the pandemic.
The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.
Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
